Bitcoin Short-Term Holders Show Positive Trend in SOPR

Bitcoin's short-term holders are experiencing a positive shift in their SOPR (Spent Output Profit Ratio), according to ChainCatcher. Crypto analyst Darkfost notes that the 30-day moving average of the SOPR for short-term holders has turned positive for the first time in six months. This indicates that these holders are either breaking even or seeing slight profits. Historically, such trends have acted as resistance levels during bear markets, often leading to sell-offs due to lack of confidence among holders.